Q2 Earnings Surge: Rocketmpanies, Mercadolibre, and DoorDash Lead Market Gains
Friday, Aug 2, 2024 6:30 pm ET
1min read 1. Rocketmpanies (NYSE: RKT)
Rocketmpanies surged by 12.34%. Rocket Companies reported its second-quarter fiscal 2024 results on August 1. Net income and revenue details for Q1 were previously disclosed. Analysts from Barclays and JP Morgan maintain underweight ratings while adjusting price targets. Multiple insider transactions were disclosed in June 2024.
2. Mercadolibre (Nasdaq: MELI)
Mercadolibre surged by 10.59%. Mercadolibre reported Second Quarter fiscal 2024 results on August 1, 2024. Mercadolibre will hold its annual meeting of shareholders on June 5, 2024. Jefferies upgraded Mercadolibre to Buy with a $2100 price target. Barclays maintains Overweight rating with a $2000 target.
3. Doordash (NYSE: DASH)
Doordash surged by 8.35%. DoorDash reported Q2 fiscal 2024 revenue of $2.63 billion, exceeding analyst expectations. The company also announced a H1 net loss of $183 million, showing improvement year-over-year. Positive analyst ratings included Evercore ISI’s Outperform and Wells Fargo’s Equal-Weight, with updated price targets.
4. Resmed (NYSE: RMD)
Resmed gained solidly by 4.21%. ResMed declared a dividend of $0.0530 per share; RBC Capital, Keybanc, and Needham maintain favorable ratings, raising their price targets to $206, $251, and $236 respectively. For fiscal Q3 2024, net income was $7.29 billion on $34.62 billion revenue, up 11.65%. Full-year results expected on 2024-08-01.
5. Public Storage (NYSE: PSA)
Public Storage gained solidly by 3.94%. Public Storage reported fiscal 2024 second quarter revenue of $23.30 billion and net profit of $10.33 billion, with Truist Securities downgrading its rating to hold at a $306.00 target price; Wells Fargo and Scotiabank maintained their ratings at target prices of $320.00 and $314.00 respectively.
Rocketmpanies surged by 12.34%. Rocket Companies reported its second-quarter fiscal 2024 results on August 1. Net income and revenue details for Q1 were previously disclosed. Analysts from Barclays and JP Morgan maintain underweight ratings while adjusting price targets. Multiple insider transactions were disclosed in June 2024.
2. Mercadolibre (Nasdaq: MELI)
Mercadolibre surged by 10.59%. Mercadolibre reported Second Quarter fiscal 2024 results on August 1, 2024. Mercadolibre will hold its annual meeting of shareholders on June 5, 2024. Jefferies upgraded Mercadolibre to Buy with a $2100 price target. Barclays maintains Overweight rating with a $2000 target.
3. Doordash (NYSE: DASH)
Doordash surged by 8.35%. DoorDash reported Q2 fiscal 2024 revenue of $2.63 billion, exceeding analyst expectations. The company also announced a H1 net loss of $183 million, showing improvement year-over-year. Positive analyst ratings included Evercore ISI’s Outperform and Wells Fargo’s Equal-Weight, with updated price targets.
4. Resmed (NYSE: RMD)
Resmed gained solidly by 4.21%. ResMed declared a dividend of $0.0530 per share; RBC Capital, Keybanc, and Needham maintain favorable ratings, raising their price targets to $206, $251, and $236 respectively. For fiscal Q3 2024, net income was $7.29 billion on $34.62 billion revenue, up 11.65%. Full-year results expected on 2024-08-01.
5. Public Storage (NYSE: PSA)
Public Storage gained solidly by 3.94%. Public Storage reported fiscal 2024 second quarter revenue of $23.30 billion and net profit of $10.33 billion, with Truist Securities downgrading its rating to hold at a $306.00 target price; Wells Fargo and Scotiabank maintained their ratings at target prices of $320.00 and $314.00 respectively.